Commercial

309 Montgomeryville PA

700 Bethlehem Pike, Montgomeryville, PA 18936

Listing Price: $1,500,000

Lot Size
2.74 acres
Price/Acre
$547,447
Land Type
Land
Buildable Square Feet
18,000

Investment Overview

Marcus & Millichap is pleased to present this Market Positioning & Pricing Analysis to the ownership of 700 Bethlehem Pike, Montgomeryville, PA.

The Subject Offering is a 2.74+ acre unimproved site that is zoned Highway Commercial. The site is on the primary corridor of Bethlehem Pike (PA Route 309) and has about 33,000 cars passing the site per day. The Highway Commercial zoning allows for a variety of uses, which benefits the future developer to bring a single or multiple tenants to the site. There have been prior approvals for hotel uses.

The property consists of 2 contiguous parcels both zoned highway commercial. Morgan Street is a paper street and has been vacated between our parcels, but exists as a built road as access to the rear of our property. - So the property has ingress and egress access to Cowpath Road from the rear of the site

Attached in the Offering Memorandum, you will find site information and links for the BW hotel previously approved on the site (Best Western Extended Stay) civil engineering & plans - this was 58K sq.' facility including 2 room suites, indoor pool, & meeting space, etc. Also attached is a recent trial fit for a "Woodspring Suites" a Choice Hotel's extended stay limited-service product. I know this may be different than what you want to build, but it does contain site engineering information and shows an example of what can be built on the site, depending on current rules and regulations. Additional rooms may be obtained through the use of long-term leases of parking from some of the neighbors, or though unlikely a partial purchase of additional lad from one of the neighboring properties.

Montgomeryville is one of the Philadelphias most affluent and fastest growing submarkets. The demographics across the board are better than the surrounding Philadelphia suburbs.


Investment Highlights

  • Excellent Visibility with 33,000 VPD
  • 486' Frontage on Rt 309/Bethlehem Pike
  • Access From Both Route 309 & Route 463
  • Highway Commercial Zoning For Variety Of Uses
  • Prior Approval in Place for Extended Stay Hotel

Exclusively Listed By

Financing By

  • Stephen Arrivello

    Director

    Direct:

    Email Stephen

    Philadelphia, PA

Listing Price: $1,500,000

Lot Size
2.74 acres
Price/Acre
$547,447
Land Type
Land
Buildable Square Feet
18,000

Investment Highlights

  • Excellent Visibility with 33,000 VPD
  • 486' Frontage on Rt 309/Bethlehem Pike
  • Access From Both Route 309 & Route 463
  • Highway Commercial Zoning For Variety Of Uses
  • Prior Approval in Place for Extended Stay Hotel

Investment Overview

Marcus & Millichap is pleased to present this Market Positioning & Pricing Analysis to the ownership of 700 Bethlehem Pike, Montgomeryville, PA.

The Subject Offering is a 2.74+ acre unimproved site that is zoned Highway Commercial. The site is on the primary corridor of Bethlehem Pike (PA Route 309) and has about 33,000 cars passing the site per day. The Highway Commercial zoning allows for a variety of uses, which benefits the future developer to bring a single or multiple tenants to the site. There have been prior approvals for hotel uses.

The property consists of 2 contiguous parcels both zoned highway commercial. Morgan Street is a paper street and has been vacated between our parcels, but exists as a built road as access to the rear of our property. - So the property has ingress and egress access to Cowpath Road from the rear of the site

Attached in the Offering Memorandum, you will find site information and links for the BW hotel previously approved on the site (Best Western Extended Stay) civil engineering & plans - this was 58K sq.' facility including 2 room suites, indoor pool, & meeting space, etc. Also attached is a recent trial fit for a "Woodspring Suites" a Choice Hotel's extended stay limited-service product. I know this may be different than what you want to build, but it does contain site engineering information and shows an example of what can be built on the site, depending on current rules and regulations. Additional rooms may be obtained through the use of long-term leases of parking from some of the neighbors, or though unlikely a partial purchase of additional lad from one of the neighboring properties.

Montgomeryville is one of the Philadelphias most affluent and fastest growing submarkets. The demographics across the board are better than the surrounding Philadelphia suburbs.


Exclusively Listed By

Financing By

  • Stephen Arrivello

    Director

    Direct:

    Email Stephen

    Philadelphia, PA

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